PSALM’s privatization efforts generated a total of PHP916.617 billion as of 31 December 2022. Of this amount, actual collection amounted to PHP723.418 billion.
Privatization Proceeds Generation and Collection
As of 31 December 2022
(In PHP Billion)
| Assets | Financial Bids | Collected |
|---|---|---|
| Generating Power Plants | 164.029 | 164.029 |
| IPPA Administration | 482.499 | 356.423 |
| Transmission Concession | 260.543 | 193.420 |
| Decommissioned Plants | 0.524 | 0.524 |
| Other Assets/Priva-Related | 9.022 | 9.022 |
| Total | 916.617 | 723.418 |
For the generating assets, the amount generated consists of financial bids based on Schedule C of the Asset Purchase Agreement (APA) and interest earned from deferred payments while for IPPA Appointments, the amount generated consists of monthly payments and generation fees under the IPP Administration Agreements.
For the TransCo Concession Fee, the amount generated is net of the final adjustment to Project Under Construction (PUC) and Initial Working Capital (IWC).
Total collections of PHP723.418 billion as of December 2022, were exclusively utilized for the liquidation of financial obligations amounting to PHP723.19 billion..
Privatization Proceeds Utilization
As of 31 December 2022
(In PHP Billion)
| Utilization | Amount (In PHP Billion) |
|---|---|
| Debt Prepayment | 57.62 |
| Regular Debt Service | 463.74 |
| BOT Lease Obligations | 201.83 |
| Subtotal | 723.19 |
| Other Privatization-Related Expenses | 4.82 |
| Total | 728.00 |
USD1:PHP56.120 (BSP Guiding Rate dated 31 December 2022)
